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C & S FUNDS PROGRAMME LOAN

Signature(s)

Amount
€ 220,000,000
Countries
Sector(s)
Latvia : € 220,000,000
Composite infrastructure : € 220,000,000
Signature date(s)
19/10/2009 : € 70,000,000
29/09/2005 : € 150,000,000
Link to source

Summary sheet

Release date
26 November 2004
Status
Reference
Signed | 29/09/2005
20040443
Project name
Promoter - financial intermediary
Cohesion and structural funds programme loan
Republic of Latvia
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 M.
Estimated at approx. EUR 1090 M.
Description
Objectives

Co-financing of projects and schemes under the 2004-2006 Single Programming Document (for Structural Funds) and Cohesion Fund Reference Framework for 2004-2006.

Complementing European Union’s grant support under the Cohesion and Structural Funds to accelerate the implementation of the SPD and Cohesion Fund strategies.

Environmental aspects
Procurement

Latvia has harmonised its environmental legislation in line with the environmental standards mandated by relevant EU Directives. All schemes that may benefit from the Bank’s support need to fully comply with the EU requirements, especially with regards to environmental impact assessment issue and for projects located in environmentally sensitive areas.

Latvia has harmonised its legislation on procurement in line with the relevant EU Directives. The promoter is required to respect national and European legislation applicable to public authorities procurement.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

General enquiries and comments

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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